week: Not a subscriber You can sign up right here, according to CNN. The US Federal Reserve looks set to follow the European Central Bank, and cut rates next week by perhaps a quarter of a percentage point. A version of this story first appeared in CNN Business' Before the Bell newsletter. Fed Chairman Jerome Powell has made clear that he doesn't think a US recession is likely, but he has acknowledged that economic headwinds are intensifying. The comments helped bolster investor expectations that a rate cut will be announced following the central bank's meeting on September 17 and 18. There are all these risks, and we're monitoring them very carefully and we're conducting policy in a way that will address them, he said earlier this month.
(news.financializer.com). As
reported in the news.
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